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Deductions & credits
Turbotax is correctly implementing the tax code, but it is very confusing if you didn't know that for the purposes of your itemized charitable deductions for transferred stock, long term positions are valued at current price x shares on date of donation and short term positions are valued at their original cost basis (even if they've had a significant gain).
‎February 19, 2021
9:17 AM
2,849 Views